Turkish Statistical Institute (TÜİK) announced House Sales Statistics on Thursday, expressing that house sales in August 2014 increased by 25 percent compared to August 2013 and reached 105,624.
In overall house sales, Istanbul had the highest share with 16.4 percent and 17.349 houses, followed by Ankara with 11.2 percent and 11,836 houses and İzmir with 5.5 percent and 5,772 houses.
Sales through mortgages increased by 12 percent and had a share of 33.5 percent in total sales in Turkey.
48,828 houses, 46.2 percent of total sales, were sold for the first the time with a 25.8 percent increase compared to August 2013.
Experts say that the conclusion of Turkish presidential elections in August 10, 2014 and the month of Ramadan including Eid al-Fitr celebrations that took place in August 2013 were also effective in this increase.
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